Global Acyclic Hydrocarbons Market 2020 – Key Insights
IndexBox has just published a new report: ‘World – Acyclic Hydrocarbons – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.
Global Trade 2007-2018
In 2018, approx. 33M tonnes of acyclic hydrocarbons were exported worldwide; rising by 12% against the previous year. The total export volume increased at an average annual rate of +10.1% from 2014 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 when exports increased by 12% y-o-y. In that year, global acyclic hydrocarbons exports attained their peak and are likely to continue its growth in the immediate term.
In value terms, acyclic hydrocarbons exports totaled $29.7B (IndexBox estimates) in 2018. Overall, acyclic hydrocarbons exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 26% y-o-y. The global exports peaked at $30.1B in 2014; however, from 2015 to 2018, exports remained at a lower figure.
Exports by Country
In 2018, the U.S. (6.7M tonnes), distantly followed by South Korea (3.8M tonnes), the Netherlands (2.6M tonnes), Russia (2.3M tonnes), the UK (1.5M tonnes), Germany (1.5M tonnes) and Belgium (1.5M tonnes) represented the largest exporters of acyclic hydrocarbons, together achieving 60% of total exports. Japan (1.5M tonnes), India (1.4M tonnes), Singapore (1M tonnes), Thailand (0.9M tonnes) and Saudi Arabia (0.8M tonnes) occupied a little share of total exports.
From 2014 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the U.S. (+53.6% per year), while exports for the other global leaders experienced more modest paces of growth.
In value terms, South Korea ($3.7B), the U.S. ($3B) and the Netherlands ($2.8B) appeared to be the countries with the highest levels of exports in 2018, with a combined 32% share of global exports.
Among the main exporting countries, the U.S. experienced the highest growth rate of the value of exports, over the period under review, while exports for the other global leaders experienced more modest paces of growth.
Imports by Country
The imports of the three major importers of acyclic hydrocarbons, namely China, Belgium and the U.S., represented more than third of total imports. Canada (1.5M tonnes) ranks next in terms of the total imports with a 4.9% share, followed by Taiwan, Chinese (4.8%), India (4.7%), the Netherlands (4.7%) and Germany (4.6%). The following importers – Indonesia (963K tonnes), France (943K tonnes), Saudi Arabia (919K tonnes) and Sweden (870K tonnes) – each recorded a 12% share of total imports.
From 2014 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by India (+58.0% per year), while imports for the other global leaders experienced more modest paces of growth.
In value terms, China ($6.2B), Belgium ($3.9B) and the U.S. ($2.8B) constituted the countries with the highest levels of imports in 2018, together accounting for 44% of global imports. Taiwan, Chinese, the Netherlands, Germany, France, Indonesia, Saudi Arabia, India, Canada and Sweden lagged somewhat behind, together comprising a further 32%.
India experienced the highest growth rate of the value of imports, among the main importing countries over the period under review, while imports for the other global leaders experienced more modest paces of growth.
Source: IndexBox AI Platform